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CONTRACT AGREEMENT
THIS AGREEMENT, made this 5th day of July, 2021 between Local Government Unit of Jasaan,
Jasaan, Misamis Oriental (hereinafter called the “Entity”) and GENETIAN BUILDERS &
ENTERPRISES, INC., Nesoricom Compound, Highway Tiguma, Pagadian City, Zamboanga
del Sur (hereinafter called the “Contractor”).
WHEREAS, the Entity is desirous that the Contractor execute 2021-05-0461 Construction of
Secondary Water Lines in Brgys. Aplaya-Solana-Luz Banzon and a Potable Water Supply Systm
(Level III) in Brgys. Bobontugan to San Antonio, Jasaan, Misamis Oriental (hereinafter called
“the Works”) and the Entity has accepted the Bid for One Hundred Forty Seven Million Five
Hundred Three Thousand Seven Hundred Fifty Pesos and 00/100 (Php. 147,503,750.00) by the
Contractor for the execution and completion of such Works and the remedying of any defects
therein.
c. Performance Security;
e. Other contract documents that may be required by existing laws and/or the Procuring
Entity concerned in the PBDs. Winning bidder agrees that additional contract
“USWAG PA JASAAN”
#weareonejasaan
Website: www.jasaan.gov.ph email address: lgu_jasaan@philwebinc.com
Republic of the Philippines
Province of Misamis Oriental
MUNICIPALITY OF JASAAN
documents or information prescribed by the GPPB that are subsequently required for
submission after the contract execution, such as the Notice to Proceed, Variation
Orders, and Warranty Security, shall likewise form part of the Contract.
3. In consideration for the sum One Hundred Forty Seven Million Five Hundred Three
Thousand Seven Hundred Fifty Pesos and 00/100 (Php. 147,503,750.00) or such other
sums as may be ascertained, GENETIAN BUILDERS & ENTERPRISES, INC. agrees to
the 2021-05-0461 Construction of Secondary Water Lines in Brgys. Aplaya-Solana-Luz
Banzon and a Potable Water Supply Systm (Level III) in Brgys. Bobontugan to San
Antonio, Jasaan, Misamis Oriental in accordance with his/her/its Bid.
4. The Local Government Unit of Jasaan, Jasaan, Misamis Oriental agrees to pay the above-
mentioned sum in accordance with the terms of the Bidding.
IN WITNESS whereof the parties thereto have caused this Agreement to be executed the day and
year first before written.
for: for:
“USWAG PA JASAAN”
#weareonejasaan
Website: www.jasaan.gov.ph email address: lgu_jasaan@philwebinc.com